[libertarianPA]

Mistake made in the headline...

Taxpayers may buy thousands of Miss. homes

There... fixed it.

[kingu]

I wonder if the taxpayers will get a discount on those homes they’ve paid for in the past from previous disasters?

[agere_contra]

Involuntary buyouts are "always an option of last resort," but aren't part of this plan

She obviously doesn't understand that the Govt interest coupled with the mere fact that involuntary buyouts are possible crushes the value of these homes.

[sweet_diane]

I grew up passing thru the Mississipi coast..we lived in Spring TX and we visited my grandparents in Mobile AL twice a year. Even after we started traveling on I-10 we'd beg daddy to go the beach way. I remember asking why the beach didn't look anything like, what I called, the real beach (Gulf Shores AL) and it seems like I was told that the MS coast was a man-made beach. That sand had to be brought in. If that is true, wouldn't that area be more a wetland, in its natural state, than a beach?

Regardless..I think the time is well passed for the gov to buy all that land. Maybe back in the 60s and 70s when the biggest attractions were a boat named Camille that sat where it landed during Hurricane Camille and a big Planter's Peanut man billboard.

[Jeffrey_D.]

Do the math......that’s a hell of a deal for the owners. Taxpayers....screwed again.

]
Hey, Nancy, wanna buy my modest country home???

[wizr]

Ain’t bureaucracy grand?

[Colofornian]

Now just how long as Uncle Sam suffered from this Messianic complex? (This policy doesn’t just have implications for Bay St. Louis, but for a good chunk of the Gulf Coast and Southeastern shorelines...Once a precedent is set, why stop with Bay St. Louis? Disaster-proofing a good chunk of our SE shorelines isn’t quite the same as child-proofing medicine containers)

[paine1776]

Hmmm,

$40,000,000,000 / 17,000 homes = $2,352,941 per home

I’d take that deal, especially if I owned this home:

http://onthescene.msnbc.com/photos/uncategorized/051204_prefab.jpg

[Wuli]

While some may complain about the buyout cost, doing so just ignores the potential repetitive rebuilding costs that also consume billions in taxpayer dollars over time.

People should be offered a good alternative. Market price for the property today, or loss of taxpayer support for rebuilding later on. Those who can afford complete self-sufficiency will stay.